David Landry

Figures

Surprise, again: CPI up just 0.1% in February

The Central Statistics Office (KSH) has officially announced Hungary’s consumer price inflation (CPI) to have increased by 0.1% year-on-year in...

Int'l Relations

Visegrád Four appeal to US to export shale gas

Given the current crisis in the Crimea region and the very realistic concomitant possibility that Russia could well cut supplies...

Competition

MNB dep. gov.: MPC must consider global trends

The National Bank of Hungary (MNB) Monetary Policy Council must factor global trends affecting emerging markets into its rate-setting decisions...

Visits

Orbán in Ukraine meet; tomorrow in Ireland with EPP

Prime Minister Viktor Orbán is in Brussels today, taking part in the European Union extraordinary summit of heads of state...

Analysis

KSH: Gross industrial output up 6.1% in January

Today’s round of figures from the Central Statistics Office (KSH) shows that in January 2014 industrial gross output rose by...

Pharma

Richter expects Q1 profit to fall on weak ruble

Pharmaceutical producer Richter expects its first-quarter operating profit margin to plumb record lows due to the fall in the value...

Transport

Wizz Air to launch Budapest-Kutaisi flight

Hungary-based budget airline Wizz Air will launch a scheduled direct flight between Budapest and Kutaisi, the second-largest city in Georgia,...

World

EBRD confirms €5 billion for Ukraine through 2020

A few hours after European Commission president José Manuel Barroso held a brief press conference to announce a proposal for...

Sights

Prologis widens portfolio with 16,000-sqm Prague acquisition

Already market leader in Central and Eastern Europe industrial real estate development, Prologis Inc. today just got bigger with the...

Initiatives

Barroso details EU support plan for Ukraine [Updated]

European Commission president José Manuel Barroso held a press conference this afternoon at which he detailed relief support the European...

Telco

Trade surplus for ’13 on automotive, chemical revival

Figures for December 2013 released by the Central Statistics Office (KSH) today show that the volume of exports was up...

World

Visegrád Four foreign ministers evoke history in statement on Ukraine

As part of a larger meeting of European Union foreign ministers in Brussels, those of the Visegrád Four nations (Hungary,...

Telco

Advertising market up just 0.6% in ’13; radio up 29%

Hungary’s advertising market grew just 0.6% to HUF 175.4 billion in 2013, data from the Hungarian Advertising Association (MRSz) show....

History

Foreign Affairs Minister: Hungary fully committed to Ukraine independence

From Brussels at a meeting of European Union counterparts, Foreign Affairs Minister János Martonyi affirmed that Hungary’s government is “fully...

Elections

Election ’14: Left in flash mob; Jobbik seeks debate; two-tailed dog wants in

With just over one month to go before Hungarians head to the polls to vote in national and European Union...

Visits

Hungary: Loving it, leaving it

When I first came here, local folks mostly asked me “Why Hungary?” Now when I tell them I’m leaving, they...

Int'l Relations

Szijjártó declares end of classic diplomacy

Perhaps gearing up for the rumored merging of foreign trade and foreign affairs ministries in a new government composition to...

Party Popularity

EP election: Fidesz, Jobbik tops on low voter turnout

Cruising to a landslide victory in which the governing Fidesz-KDNP coalition garnered 51.5% of the vote, opposition party MSzP and...

Deals

Ablon rechristened as CPI Hungary

Due to the takeover of its Hungarian operations by Czech Republic-based CPI Group in mid-2013, real estate firm Ablon has...

MNB

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

MNB

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

World

Dep. CEO: OTP Bank will not withdraw from E. Ukraine

Following the release of OTP Bank’s first quarter earnings report showing disappointing results due in large part to heavy losses...

MNB

Inflation rate concerns Varga, MNB deputy governor

National Economy Minister Mihály Varga on Thursday said the economy is in “top form” and the country’s fiscal position is...

Int'l Relations

Oslo awaits response from Hungary on suspended grants

Talks between Hungary and Norway on the suspension of funding from the EEA and Norway Grants scheme are not underway...

Automotive

Industrial output in March up 10.6% y.o.y.

Figures released by the Central Statistics Office (KSH) today indicate that in March 2014, industrial gross output in Hungary increased...

Deals

MOL: Report on management of INA “shameful”

Oil-and-gas giant MOL termed “shameful” the report of advisory Oil and Gas Consulting to the government of Croatia on MOL’s...

Initiatives

Epson study considers trends in SME printing habits

A study commissioned by Epson Hungary and undertaken by KutatóCentrum sheds some light on trends in printing among local small-...

Initiatives

Orbán supports Poland plan for EU energy union

Prime Minister Viktor Orbán was in Poland this week to meet with his counterpart Donald Tusk on various issues headlined...

Deals

Nine of 35 banks to contest National Bank fines

Nine lenders, among them Raiffeisen Bank, Erste Bank Hungary and FHB Commercial Bank, are contesting fines by the National Bank...

Pharma

Michelin to close Budapest plant due to “shrinking tire market”

Michelin Hungária today announced the planned closure of its plant in Budapest. Labeling the facility “outdated,” the plant will be...

Hungary: Loving it, leaving it

When I first came here, local folks mostly asked me “Why Hungary?” Now when I tell them I’m leaving, they...

Szijjártó declares end of classic diplomacy

Perhaps gearing up for the rumored merging of foreign trade and foreign affairs ministries in a new government composition to...

EP election: Fidesz, Jobbik tops on low voter turnout

Cruising to a landslide victory in which the governing Fidesz-KDNP coalition garnered 51.5% of the vote, opposition party MSzP and...

Ablon rechristened as CPI Hungary

Due to the takeover of its Hungarian operations by Czech Republic-based CPI Group in mid-2013, real estate firm Ablon has...

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

Dep. CEO: OTP Bank will not withdraw from E. Ukraine

Following the release of OTP Bank’s first quarter earnings report showing disappointing results due in large part to heavy losses...

Inflation rate concerns Varga, MNB deputy governor

National Economy Minister Mihály Varga on Thursday said the economy is in “top form” and the country’s fiscal position is...

Oslo awaits response from Hungary on suspended grants

Talks between Hungary and Norway on the suspension of funding from the EEA and Norway Grants scheme are not underway...

Industrial output in March up 10.6% y.o.y.

Figures released by the Central Statistics Office (KSH) today indicate that in March 2014, industrial gross output in Hungary increased...

MOL: Report on management of INA “shameful”

Oil-and-gas giant MOL termed “shameful” the report of advisory Oil and Gas Consulting to the government of Croatia on MOL’s...

Epson study considers trends in SME printing habits

A study commissioned by Epson Hungary and undertaken by KutatóCentrum sheds some light on trends in printing among local small-...

Orbán supports Poland plan for EU energy union

Prime Minister Viktor Orbán was in Poland this week to meet with his counterpart Donald Tusk on various issues headlined...

Nine of 35 banks to contest National Bank fines

Nine lenders, among them Raiffeisen Bank, Erste Bank Hungary and FHB Commercial Bank, are contesting fines by the National Bank...

Michelin to close Budapest plant due to “shrinking tire market”

Michelin Hungária today announced the planned closure of its plant in Budapest. Labeling the facility “outdated,” the plant will be...